The Nick Huber Show

Ep 167: The biggest mistake you can make when scaling a real estate company

Oct 29, 2024

Explore the real-world lessons in entrepreneurship and why practical experience beats theoretical knowledge. Discover the pitfalls of over-structuring your business too early. The conversation stresses the importance of taking action, making key hires, and focusing on revenue generation rather than just systematizing everything. Tune in for insights that could reshape your approach to scaling a real estate company!

08:35

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Quick takeaways

Entrepreneurs often mistake excessive focus on systems for productivity instead of taking immediate action to grow their business.

The approach of 'building the plane as you are taking off' stresses the importance of engaging directly with customers and learning through experience.

Deep dives

The Importance of Action Over Planning

Entrepreneurs often make the mistake of focusing too heavily on creating systems and processes instead of taking actionable steps to grow their business. Many early-stage business owners become preoccupied with developing training materials and automation tools before they actually have a working team or a substantial workload. This focus can create a false sense of productivity, making them feel accomplished while they are merely tinkering with ideas instead of engaging in real business activities. It is crucial for entrepreneurs to hire employees, start selling, and learn through experience rather than waiting to build elaborate systems that may not even fit their future needs.

The Importance of Practical Experience in Entrepreneurship

2min

The Misstep of Over-Structuring in Early Business Growth

7min

I discuss hiring and delegation and how most entrepreneurs are too focused on systems too early in the process. Make the hire and get after it!

This episode was originally posted on August 16, 2022.

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